LONDON, UK: Oracle Power Plc announced that the Department of Mines, Industry Regulation and Safety – Western Australia, has approved the Company’s Programme of Work (PoW) for the Northern Zone Gold Project, located 25km east of Kalgoorlie in Western Australia. The objective of the first phase of the PoW is to complete seven Reverse Circulation…
Proposals to migrate to UK tax residence and apply for UK investment trust status
LONDON, UK: Aberdeen Asian Income Fund Limited’s investment objective is to provide investors with a total return primarily through investing in Asia Pacific securities, including those with an above average yield. The Company currently earns investment income from a diversified portfolio of investments with exposure to the Asia Pacific region, much of which is subject…
SGT Capital LLC has acquired Utimaco
FRANKFURT, GERMANY: SGT Capital LLC has acquired Utimaco, a strongly growing global market leader for cyber security solutions, co-headquartered in Aachen and Campbell, California, with more than 470 employees and expected three-digit million revenues. The acquisition is subject to different regulatory approvals. Its closing is expected for Q4 2021. The seller is EQT Private Equity,…
Brave Bison acquires digital advertising firm Greenlight
LONDON, UK: Brave Bison Group has entered into a conditional agreement to acquire the entire issued share capital of digital advertising company Greenlight Digital Limited and Greenlight Commerce Limited (Together Greenlight) for an aggregate consideration of c.£6.8 million. Greenlight is a digital advertising and technology company with more than 120 employees in the UK and…
Babcock International sells Frazer-Nash Consultancy for £293mn
LONDON, UK: Babcock International Group has entered into a definitive agreement with KBR for the sale of its wholly owned subsidiary Frazer-Nash Consultancy Limited for a cash consideration of £293 million, a news release said. Headquartered in the UK, Frazer-Nash Consultancy delivers innovative engineering and technology solutions across a broad range of critical national infrastructure,…
Aker Carbon raises NOK 840mn to fund accelerated growth
OSLO, NORWAY: Aker Carbon Capture has completed a capital increase of NOK 840 million to support the further growth of its market-leading carbon capture offering. The company issued 38,181,818 new shares in a private placement, priced at NOK 22 per share. The placement was multiple times over-subscribed amidst strong demand, particularly from international investors. “The…
Wiseway completes acquisition of TAF E-Logistics
SYDNEY, AUSTRALIA: Wiseway Group Limited announced that its subsidiary Wiseway Logistics Pte (Wiseway Singapore) has completed its strategic acquisition of TAF E-Logistics (Asia) Pte Ltd. Ms Florence Tong, Wiseway Managing Director, commented, “We are very pleased to complete our first cross-border acquisition and welcome TAF to our Group. “This strategic acquisition will deliver valuable supply…
Liam Thomas appointed CEO of New Energy Solar
SYDNEY, AUSTRALIA: New Energy Solar Limited announced that Liam Thomas will be appointed as the Chief Executive Officer (CEO) of the Company with effect from 1 October 2021. Liam is the current Chief Investment Officer of New Energy Solar Limited. He has been with the business since March 2016 and overseen the acquisition and construction…
Brooke Farris appointed CEO of Rip Curl
AUCKLAND, NEW ZEALAND: Brooke Farris is appointed as Chief Executive Officer of Rip Curl, a news release said. This follows the previously announced promotion of Michael Daly from this role to Group Chief Executive Officer and Managing Director of Kathmandu Holdings Limited. Brooke will report to Michael in her new capacity as Rip Curl Chief…
CCH Holdings buys Coca-Cola Bottling Egypt for $427mn
ZUG, SWITZERLAND: Coca-Cola HBC Holdings (CCH Holdings) has reached agreement to acquire 94.7% of Coca-Cola Bottling Company of Egypt (CCBCE) from its major shareholders including The Coca-Cola Company (TCCC) and MAC Beverages Limited (MBL) for an agreed combined purchase price of US$427 million. Zoran Bogdanovic, CEO of Coca-Cola HBC, said: “We are excited to welcome…
MAST acquires 9 MW Pyebridge generation facility
LONDON, UK: Kibo Energy PLC, the multi-asset energy development company, notes that its 55% subsidiary, MAST Energy Developments acquired a 9MW Gas-powered Standby Generation Facility. MAST is a UK -based multi-asset operator in the rapidly growing Reserve Power market. MAST’s most recent corporate transaction involves the completion of a Sale and Purchase Agreement (“SPA”) to…
Glanbia launches share buy-back of up to €50m
LONDON, UK: Glanbia plc, the Global Nutrition Group, will commence a share buy-back programme of up to €50 million in total value in Glanbia plc ordinary shares. The purpose of the share buyback programme is to reduce the share capital of the Company (any Shares repurchased for this purpose will be cancelled). The Company has…